SAM vs. KO
SAM (The Boston Beer Company, Inc.) and KO (The Coca-Cola Company) are both stocks. Both are in the Consumer Defensive sector — SAM in Beverages - Brewers, KO in Beverages - Non-Alcoholic. Over the past 10 years, SAM returned 1.16%/yr vs 9.59%/yr for KO. At a 0.20 correlation, their price movements are largely independent.
Performance
SAM vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, SAM achieves a -7.44% return, which is significantly lower than KO's 16.41% return. Over the past 10 years, SAM has underperformed KO with an annualized return of 1.16%, while KO has yielded a comparatively higher 9.59% annualized return.
SAM
- 1D
- 1.69%
- 1M
- -4.99%
- YTD
- -7.44%
- 6M
- -7.13%
- 1Y
- -8.63%
- 3Y*
- -16.72%
- 5Y*
- -29.26%
- 10Y*
- 1.16%
KO
- 1D
- 0.98%
- 1M
- -0.80%
- YTD
- 16.41%
- 6M
- 16.48%
- 1Y
- 18.42%
- 3Y*
- 12.75%
- 5Y*
- 11.35%
- 10Y*
- 9.59%
SAM vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAM The Boston Beer Company, Inc. | -7.44% | -34.95% | -13.20% | 4.88% | -34.76% | -49.20% | 163.14% | 56.89% | 26.03% | 12.51% |
KO The Coca-Cola Company | 16.41% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between SAM and KO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 1995 | 0.20 |
Fundamentals
SAM:
$1.89B
KO:
$346.46B
SAM:
-$5.70
KO:
$3.18
SAM:
0.93
KO:
7.03
SAM:
2.77
KO:
10.30
SAM:
$2.09B
KO:
$49.28B
SAM:
$947.28M
KO:
$30.43B
SAM:
$23.70M
KO:
$18.35B
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Return for Risk
SAM vs. KO — Risk / Return Rank
SAM
KO
SAM vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Boston Beer Company, Inc. (SAM) and The Coca-Cola Company (KO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SAM | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.20 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.35 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.62 | 4.67 | -5.29 |
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Drawdowns
SAM vs. KO - Drawdown Comparison
The maximum SAM drawdown since its inception was -87.67%, which is greater than KO's maximum drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for SAM and KO.
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Drawdown Indicators
| SAM | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.67% | -68.23% | -19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -38.06% | -7.87% | -30.19% |
Max Drawdown (3Y)Largest decline over 3 years | -59.09% | -16.26% | -42.83% |
Max Drawdown (5Y)Largest decline over 5 years | -84.48% | -17.27% | -67.21% |
Max Drawdown (10Y)Largest decline over 10 years | -87.67% | -36.99% | -50.68% |
Current DrawdownCurrent decline from peak | -86.17% | -3.30% | -82.87% |
Average DrawdownAverage peak-to-trough decline | -40.76% | -16.08% | -24.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.90% | 3.95% | +9.95% |
Volatility
SAM vs. KO - Volatility Comparison
The Boston Beer Company, Inc. (SAM) has a higher volatility of 12.09% compared to The Coca-Cola Company (KO) at 6.94%. This indicates that SAM's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAM | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.09% | 6.94% | +5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 28.14% | 12.74% | +15.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.12% | 16.74% | +20.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.84% | 16.16% | +23.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.82% | 18.23% | +22.59% |
Dividends
SAM vs. KO - Dividend Comparison
SAM has not paid dividends to shareholders, while KO's dividend yield for the trailing twelve months is around 2.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 2.59% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
SAM The Boston Beer Company, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SAM vs. KO - Financials Comparison
This section allows you to compare key financial metrics between The Boston Beer Company, Inc. and The Coca-Cola Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SAM vs. KO - Profitability Comparison
SAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Boston Beer Company, Inc. reported a gross profit of 213.96M and revenue of 461.58M. Therefore, the gross margin over that period was 46.4%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a gross profit of 7.85B and revenue of 12.47B. Therefore, the gross margin over that period was 63.0%.
SAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Boston Beer Company, Inc. reported an operating income of -190.46M and revenue of 461.58M, resulting in an operating margin of -41.3%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported an operating income of 4.36B and revenue of 12.47B, resulting in an operating margin of 35.0%.
SAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Boston Beer Company, Inc. reported a net income of -145.26M and revenue of 461.58M, resulting in a net margin of -31.5%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a net income of 3.92B and revenue of 12.47B, resulting in a net margin of 31.5%.
Frequently Asked Questions
SAM and KO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAM has higher volatility (12.09%) compared to KO (6.94%). In terms of maximum drawdown, SAM dropped -87.67% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.11 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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